ÐLF shares rise over 5%, hits fresh 52-week high after Q4 results. Should you buy it?

DLF shares inched up 5.4% to touch a fresh 52-week high of INR459.6 ($6.30) on 17 May 2021, after the developer reported a 41% YoY rise in net profit to INR570 crore ($77.9m) for Q1 2021. The boost was driven by the jump in DLF’s EBITDA by 8% to INR397 crore ($54.3m) YoY. The company’s margins stood at 27.4% during the same reporting period. While DLF’s revenue from operations slipped 6% to INR1,456 crore ($199m), the company’s scrip rallied roughly 40% in the past year.